Global shares rise as oil rebounds, Dow hits record high, Nvidia stock falls.

From Investing.com: 2024-08-29 19:11:09

Global shares rose as oil prices rebounded from losses caused by Libyan supply disruptions. The Dow hit a record high, while the S&P 500 closed near its July peak and the Nasdaq dropped. Nvidia beat estimates with a revenue of $30 billion for Q2, but shares fell 6.4%. The U.S. economy grew by 3.0% last quarter, giving the Fed room to cut rates in September. Bond yields rose, and the dollar gained after GDP data was released. Gold prices climbed, nearing another record high. Oil prices edged higher due to Libyan supply concerns, with Brent at $79.94 a barrel and U.S. crude at $75.91.



Read more at Investing.com: Stocks ease past Nvidia blues, crude oil rebounds By Reuters